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As long as people can speculate and exchangers are unregulated no it won't stabilize soon. Maybe when every coin has been mined and the bulk of coins aren't controlled by the seekrit bitcoin illuminati

As long as people can speculate and exchangers are unregulated no it won't stabilize soon. Maybe when every coin has been mined and the bulk of coins aren't controlled by the seekrit bitcoin illuminati

For all you know your local currency will be worth nothing tomorrow. Since many more people would be inconvenienced and it would lead to social unrest, this is somewhat less likely to happen as suddenly though.

The PM of Malaysia in the 90s insulated his country from foreign speculation which saved them from the economic crisis of the late 90s which destabilized every country around them. When he first suggested it at Davos economic conference they nearly laughed him out of the building then after his country survived the worst regional recession they hailed him as a hero.

In contrast to what I said earlier, there is a model of evolution that proposes that most change occurs suddenly rather than gradually. It is termed punk-eek (punctuated equilibrium). I am not sure if anyone has tried to apply this to social/economic systems, but it seems like it could work.

The PM of Malaysia in the 90s insulated his country from foreign speculation which saved them from the economic crisis of the late 90s which destabilized every country around them. When he first suggested it at Davos economic conference they nearly laughed him out of the building then after his country survived the worst regional recession they hailed him as a hero.

Lol @ #bitcoin-cabal clearly the btc secret society

This is hardly the line I would take if I wanted to ingratiate myself with the leadership.

In a Society in which there is no law, and in theory no compulsion, the only arbiter of behaviour is public opinion. But public opinion, because of the tremendous urge to conformity in gregarious animals, is less tolerant than any system of law. When human beings are governed by "thou shalt not", the individual can practise a certain amount of eccentricity: when they are supposedly governed by "love" or "reason", he is under continuous pressure to make him behave and think in exactly the same way as everyone else. - George Orwell